Traders
Brace for Impact
as Almost $4
Billion in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Options
Expire
The crypto market will witness $3.98 billion in Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) and Ethereum
(ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) options contracts expire today. This massive expiration could impact
short-term price action, especially as both assets have recently declined.
With Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options valued at $3.4 billion and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum at $581.57 million,
traders are bracing for potential volatility .
High-Stakes Crypto Options Expirations: What Traders Should Watch Today
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According to Deribit data, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options expiration involves 38,566
contracts, compared to 48,794 contracts last week . Similarly, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s
expiring options total 189,018 contracts, down from 294,380 contracts the
previous week. Expiring Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Options. Source: Deribit
For Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, the expiring options have a maximum pain price of $79,500 and a
put-to-call ratio of 0.85. This indicates a generally bullish sentiment
despite the asset’s recent pullback. In comparison, their Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
counterparts have a maximum pain price of $3,000 and a put-to-call ratio of
0.92, reflecting a similar market outlook. Expiring Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Options. Source:
Deribit
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The maximum pain point is a crucial metric that often guides market behavior.
It represents the price level at which most options expire worthless,
inflicting maximum financial “pain” on traders.
Meanwhile, the put-to-call ratios below 1 for both Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
suggest optimism in the market, with more traders betting on price increases.
While the put options represent bets on price declines, call options point to
bets on price increases. Taken together, this metric (put-to-call ratio)
gauges market sentiment.
Traders and investors should brace for volatility , as options expirations
often cause short-term price fluctuations, which create market uncertainty.
“The market could be very volatile, so trade with caution,” top Asian crypto
influencer Wise Advice warned .
However, markets usually stabilize soon after as traders adapt to the new
price environment. With today’s high-volume expiration, traders and investors
can expect a similar outcome, potentially influencing future crypto market
trends. As Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum options near expiration, both assets could
approach their respective strike prices.
This is a result of the Max Pain theory, which predicts that options prices
will converge around the strike prices where the largest number of contracts —
both calls and puts — expire worthless.
More Headwinds With Year-End Crypto Options Expiry
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With markets still optimistic, the general sentiment is that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s upside
potential remains viable, potentially reaching $100,000 before year-end.
Nevertheless, bigger problems lie ahead, with many crypto options due for
expiry at the end of the month and, potentially, even more (around $11.8
billion for BTC) on December 27.
These dates are significant given Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin bull runs tend to end precisely at
the end of the year, between November and December. However, considering they
only started between October and November, they have often extended into the
early months of the new year.
The expiration of these Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options at the end of the year may present as
a major catalyst. It could influence immediate price action as well as the
trajectory into the new year, 2025. With bulls looking at the year’s end
expiration as a unique opportunity to foray into unchartered territory beyond
$100,000, bears commit to limiting the price discovery to defend their
positions.
Looking at the options market, the market is clearly polarized and
trading is very fragmented, with some of the larger traders heading for the
sky to go long, while more traders are currently on the short side of the
market,” Greeks.live shared .
Should the positioning battle intensify towards the end of the year, the
fallout from these options expiring could ripple beyond December, setting new
standards for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum.
The latest data shows that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s trading value has dropped by 2.46% to
$87,813. Similarly, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum has fallen by 5.43%, now trading at $3,053.
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